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Prime Minister Sébastien Lecornu said on Thursday that France will cut public spending by €54 billion next year to reduce the country's deficit. The announcement comes seven months ahead of the country's presidential election, and the government is wary of a new wave of demonstrations with a jump in global oil prices sparking concerns over the rising cost of living.
Céline Dion’s hotly anticipated return to the stage is scheduled for this Saturday in Paris - the first of more than 16 concerts in the French capital in September and October. The shows mark a major milestone for 58-year-old Dion after years away from touring due to the rare neurological disorder. A total of 500,000 spectators are expected in Paris - a huge windfall for the economy, especially for the hotel, restaurant, and transport industries.
France's recent heatwaves didn't just pose enormous health risks, they also hampered the economy. Authorities have estimated that the recent heat and drought caused production to plummet and expect wealth generated by the agricultural sector to decline by 8% over the course of the year. The knock-on effects will cost the French economy an estimated 0.1 percentage points of growth in 2026.